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Calculate rental gain or loss and itemized deductions

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Reference no: EM132737966

During the year, Rita rented her vacation home for 12 days for $2,400 and she used it personally for three months.

The following expenses were incurred on the home:

Property taxes $ 2,200

Mortgage interest 10,800

Utilities and maintenance 1,900

Depreciation 5,000

Insurance 900

Problem 1: Calculate her rental gain or loss and itemized deductions.

Reference no: EM132737966

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